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| --- | --- | --- |
|   | (a) | Aircraft liability insurance, including standard war risk and allied perils, with respect to the Aircraft insuring against liability for bodily injury to or death of persons,
including passengers, and damage to or loss of property, in an amount not less than Five Hundred Million United States Dollars (US$500,000,000.00) combined single limit per occurrence. Such insurance shall contain a severability of interests clause
providing that the insurance shall operate in all respects as if a separate policy had been issued covering each party insured, except with respect to the limit of liability.  |

  




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| --- | --- | --- |
|   | (b) | All-risks physical damage (hull) insurance, including war risk and allied perils, with respect to the Aircraft insuring against loss, theft or damage to the Aircraft and any engines
or parts while temporarily removed from the Aircraft, in an amount not less than the full replacement value of the Aircraft.  |

  




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| --- | --- | --- |
|   | (c) | All insurance required by this Section 8.1 shall:  |

  




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| --- | --- | --- |
|   | (1) | be maintained in full force and effect throughout the Term;  |

  




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| --- | --- | --- |
|   | (2) | be provided by insurance carriers reasonably acceptable to Lessee;  |

  


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